Qantas has recorded an underlying loss before tax of $252 million and a statutory loss after tax of $235 million for the six months to December 31, a figure in line with recent guidance provided by the airline. The loss comes on the back of $7.9 billion in revenue, a drop of four per cent
Air New Zealand has posted a record profit before tax of NZ$197m (A$181.8m) for the first half of the 2014 financial year, a result it attributes to its ‘Go Beyond’ strategy and stable fuel prices. Normalised profit before tax for the half was NZ$180m (A$166m), up 29 per cent, while net profit after tax was
Jetstar has begun operating the 787 on the trans-Tasman on an interim basis through until March 28 as it continues to build crew experience on the new Boeing twinjet. The Qantas Group’s low-cost carrier will operate the 335-seat 787-8 three times weekly between Melbourne and Auckland (on Mondays, Wedensdays and Fridays), with VH-VKA landing in Auckland
The Virgin Independent Pilots Association (VIPA) has echoed comments by airline CEO John Borghetti last week criticising a government proposal to offer a debt guarantee to Qantas. In a February 26 statement, VIPA questioned Qantas’s “ongoing capacity dumping” in order to maintain its 65 per cent ‘line in the sane’ market share, saying Qantas “added
Regional Express today reported a reduced gross profit for the six months to December 31 of $5 million, a drop of 59.8 per cent on the same period last year. The result was logged on revenue of $129.3 million, and is in line with guidance figure the airline gave on February 7 which it attributes
The rumours and speculation are reaching fever pitch ahead of tomorrow’s Qantas half-yearly results announcement where the embattled airline group is planning to reveal how it will strip $2 billion in costs out of its business over the next three years and raise cash through asset sales. Job cuts in the range of 3,000 to
